President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs.
The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week. Biden said he had "promised to crack down on ocean carriers whose price hikes have hurt American families."
The law will allow the FMC to launch probes of the business practices of ocean common carriers, a term that broadly refers to cargo vessels operating on the high seas.Stacked containers are shown as ships unload their cargo at the Port of Los Angeles in Los Angeles, California, U.S. November 22, 2021. REUTERS/Mike BlakeIt will also be able to apply enforcement measures and require the vessels to report to the FMC "total import/export tonnage" each calendar quarter.
However, it added: "Ocean carriers continue to move record volumes of cargo and have invested heavily in new capacity – America needs to make the same commitment and invest in its landside logistics infrastructure."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hannity slams President Biden saying 'almost every day' he is proving 'he's unfit to be president''Hannity' host Sean Hannity goes after Biden for failing to address multiple crises, saying it's no wonder 'Democrats in Washington want to stay far away from Biden.'
Weiterlesen »
Hillary Clinton gives advice on how Joe Biden can turn things aroundWhat democracies need to succeed is 'leaders who endeavor to bring out the best in us,' Hillary Clinton said in a new interview.
Weiterlesen »
Exxon Mobil to President Biden: we’re investing more than any other oil companyWhile the push and pull between the oil and gas industry and Washington D.C. is nothing...
Weiterlesen »
President Biden says a recession is ‘not inevitable’Biden renewed his contention that major oil companies have benefited from higher prices without increasing production as much as they should. He said the companies needed to think of the world in t…
Weiterlesen »
What Joe Biden has previously said about Saudi Arabia as visit confirmedThe visit, set to take place between July 13 and 16, could mark a shift in relations between the two nations.
Weiterlesen »